SF1010/FC/10-14 Page 1 of 6

Due to the risks associated with options, the Financial Industry Regulatory Authority (FINRA) requires the information requested below. This information will be used by Scottrade to assess your eligibility to open an options account and will be treated confidentially.

Scottrade Account Number (if application is for an existing account - otherwise leave blank):

OPTIONS APPLICATION

By signing this form, I acknowledge that a copy of a separate document, Characteristics and Risks of Standardized Options,has been made available to me via a physical copy or by accessing it online at Scottrade.com (Forms Center / Frequently Requested / Options Application / Characteristics and Risks of Standardized Options).

DateX

X

Applicant's Signature

Co-Applicant's SignatureDate

I further acknowledge that I have received, read and agree to abide by the terms of the Scottrade Options Agreement, which contains a pre-dispute arbitration clause on pages 4 and 5, item 10.

Please read the Scottrade Options Agreement on the following pages before signing this application. Once signed, return the Scottrade Options Application to your local branch office and retain the Scottrade Options Agreement for your records.

*SF1010*

When applying for uncovered options through Scottrade, I agree I have received and read the Special Statement for Uncovered Options Writers concerning the risks of this type of trading.

Annual Income (US$)

# of DependentsMarital StatusDate of Birth# of DependentsMarital StatusDate of Birth

First Middle LastFirst Middle Last

For Corporations/ Trusts/etc.- Indicate Authorized PersonFor Corporations/Trusts/etc.- Indicate Entity Name

Co-Applicant Applicant

Investment

Employment

Retirement/ Trust

Self-Employment

Spousal/Parental Support

Source: Annual Income (US$)

Investment

Employment

Retirement/ Trust

Self-Employment

Spousal/Parental Support

All Accounts EXCEPT: Cash Accounts, International Accounts, IRAs, Coverdell ESAs, Custodian, Guardianship, Conservatorship, Keogh and Qualified Retirement Plans, Testamentary Trusts (Margin Required)

Growth & SpeculationLong Purchases + Covered Calls + Uncovered Put Writing

All Accounts EXCEPT: Coverdell ESAs, Custodian, Guardianship,Conservatorship, Keogh and Qualified Retirement PlansIncome & Growth

Level I + Long Purchases

Investment Objectives and Trading Strategies

Available In Options StrategiesTrading/Investment ObjectivesApproval Level

Request an approval level appropriate to your risk tolerance and investment objectives. Scottrade does not determine the appropriateness of the approval level you selected.

All AccountsIncomeCovered Calls + Cash-Secured Puts

Net Worth (US$) Liquid Assets (US$) Net Worth (US$) Liquid Assets (US$)

Years of ExperienceStocks: Options:

By signing below, I acknowledge that I have read and will adhere to the terms and conditions as stated in this Agreement. If my account is being opened on behalf of a corporation, partnership, investment club, retirement plan, trust, limited liability company or any other type of entity in which I have or have been granted control, authority, trusteeship, agency or fiduciary responsibility, I hereby represent and warrant that the entity is permitted to engage in options transactions and that I have been granted the authority on behalf of the entity to enter into this Agreement.

Source:

Mrs.Mr.

Ms.Dr.

Years of ExperienceStocks: Options:

Level I

Level II

Level IV

Mrs.Mr.

Ms.Dr.

OCC Brochure delivered electronically

SF1010/FC/10-14 Page 2 of 6

OPTIONS AGREEMENT Client Copy (Please Retain for your Records)

THIS IS A CONTRACTUAL AGREEMENT - DO NOT SIGN THE OPTIONS APPLICATION UNTIL YOU HAVE READ THIS AGREEMENT CAREFULLY.

With respect to any transaction effected by or on behalf of SCOTTRADE, INC. and its family of companies ("Scottrade," "We," or "Us") on my behalf for the purchase and/or sale of any options contract (puts, calls, etc.), listed on any exchange or traded in any market, I agree and represent hereby as follows:

important information about this type of trading activity. associated with options trading in more detail and containsand Risks of Standardized Options, which describes the risks disclosure brochure and supplements entitled Characteristicsyou have received and reviewed a copy of the optionsor suspends trading in the option. You acknowledge thatin the option ceases to exist or the listing exchange restrictsa position in the event that a secondary market in the market received. You also understand you may not be able to closegreater and can exceed the amount of premium you uncovered (naked) options, the risk of loss can be much or otherwise sold. When selling (writing) options, including paid for the option can be lost if the option is not exercised purchasing options, there is the risk that the entire premiuminvolves a high degree of risk and speculation. When You understand that the purchasing or selling of options

1. Options Trading and its Risks

following terms and conditions shall apply to your account. options account on your behalf and you agree that the you are requesting that Scottrade establish and maintain anand you (you or your). By entering into this Agreement,of Scottrade, Inc. and its affiliates (Scottrade, we, or us) respect to any options transaction effected by or on behalfThis Options Agreement (Agreement) is entered into with

Whether acting alone or in agreement with others, you agree

level for which you are approved. may not place trades that are not permitted under the option Unless you receive prior authorization from Scottrade, you

regulatory authority having jurisdiction. by Scottrade, any exchange or market or any other not to exceed the position limits set for your account

Scottrade may, in its sole discretion and without notice, restrict or prohibit option trading or certain types of option transactions or specific option transactions in your account.

In order to buy or sell an option, your account must have cleared funds equal to or greater than the premium ofthe options contracts.

2. Buying and Selling Options with explicit contrary instructions by 4:00 P.M. Eastern Time. option for your account unless you contact Scottrade Scottrade may (but is not required to) exercise the day prior to expiration that closes $0.01 or more in the money,If your account has a long option position on the last trading

or carry for your account. other option which Scottrade may purchase, handle, endorse manner, any right, privilege or obligation of any put, call orIt is your sole responsibility to exercise, in a proper and timely4. Exercising Options

prior to such sale, you have met the collateral requirementsor by means of a give up basis through another firm unless, any order to sell such underlying securities received from you exercised or expire. You also agree that Scottrade may refuse underlying covered securities, until such options are closed,including any cash or securities which may accrue on the

You agree not to, during the life of the options in your account,

taken or not taken by Scottrade. your instruction, regardless of any historical patterns of actionyour account before exercising an option automatically or onScottrade reserves the right to require cash or securities in

apply the proceeds of such sale to such collateral requirements.Scottrade has the right, in its sole discretion, to permit you to established by Scottrade for carrying uncovered options.

eligible for uncovered options transactions (provided, however, that long option purchases may not be available for Custodian,Coverdell and certain types of retirement plan accounts and IRAs). You acknowledge and agree that the limitations described above are not intended to be exhaustive and that they may change from time to time.

You acknowledge that you have received and examined a copy of the Special Statement for Uncovered Option Writers,which describes the special risks associated with uncovered options writing.

purchases, cash secured puts and covered call writing are notRetirement Accounts ("IRAs") are limited to long option

sell the underlying securities collateralizing such options,

(naked) option. You understand that certain Individual You must receive approval by Scottrade to write an uncovered

3. Uncovered Options

SF1010/FC/10-14 Page 3 of 6

SCOTTRADE OPTIONS AGREEMENT (cont'd)

accounts held at Scottrade, (b) close out any option position(s),(a) buy, sell or sell short any option or security in any of your Exchange capital requirements, you authorize Scottrade to:(5) your account fails to meet Scottrade or New York Stocklimit; (4) you fail to meet a margin call promptly; and/or(2) you die; (3) you exceed any applicable position or exercisediscretion that it is necessary for its protection for any reason;If, without limitation, (1) Scottrade determines in its sole to your account or any options transaction in your account.protect Scottrade from loss or damage arising out of or relatingyou, is authorized to take any and all steps necessary toScottrade, in its sole discretion and without notification to

6. Steps Scottrade May Take to Protect Itself

options transactions, you will promptly provide written notice circumstances arise which may affect your ability to engage inIf there is any change in your financial condition or other your income, liquid assets, net worth and options experience.information contained therein, including those items concerningApplication and confirm to Scottrade the accuracy of allYou have carefully reviewed and completed your Options

7. Accuracy of Your Information Provided to Scottrade

If you write an American-style option, the writer is subject tobeing assigned an exercise at any time after he/she haswritten the option until the option expires. Your entire position may be assigned or you may be assigned in successive days.In contrast, the writer of a European-style option is subject

5. Allocation of Exercise Notices

8. IRAs

You represent, warrant and covenant that any IRA which you maintain at Scottrade that holds options or conducts options strategies is not subject to the Employee Retirement Income Security Act of 1974 (ERISA), as amended, and that you will not engage in any transaction in such IRA that involves any extension of credit by Scottrade.

You understand that you are solely responsible for ensuring that sufficient assets are maintained in the IRA to cover all potential obligations arising from the holding of options and conducting any options strategies, including any potential assignment and exercise.You acknowledge responsibility for

we may request additional margin payments. If you do notmake such margin payments in the time frame established by us,we may, in our sole discretion and without prior notice, liquidate stock or options positions in any one of your accounts or take other measures described in the Scottrade Margin Agreement to satisfy the margin call.

to assignment only at expiration. You understand that Scottrade uses a random method for

delivered to Scottrade in the case of a put. sufficient cash to effect settlement of the assignment will bewithin the stated period of time in the case of a call, and case of stock index options) will be delivered to Scottrade your account, the underlying security (or sufficient cash in the method and also agree that, if an exercise notice is assigned to day of assignment. You agree to be bound by such allocation short option positions, including positions established on the This allocation method randomly selects from among all your allocation of exercise assignment notices for option contracts.

You agree to immediately deliver any funds or securities required as the result of the exercise or assignment of optionscontracts in your account.

You are responsible for knowing the deliverables prior to engaging in an option transaction, as well as any changes in the deliverables while maintaining positions in your account.

(g) enter offsetting transactions in your account.additional margin deposits, (f) liquidate your account, and/or (c) exercise any option(s), (d) block any option(s), (e) request

to Scottrade.

does not contain sufficient cleared funds. purchase or sell options in your account, even if the account for all orders,including any orders Scottrade executes to actions will be credited to your account. You are responsibleAny proceeds in excess of commission costs created by these

Scottrade has established for carrying uncovered options.your account, you will comply with the margin requirements You agree that in connection with any uncovered options in

governing your margin account. If the value of the underlying information on both your and Scottrade's rights and obligationsPlease review the Scottrade Margin Agreement for further

instrument moves against you as an uncovered options writer,

Scottrade incurs in connection with such transactions. losses and you further agree to reimburse any and all expenses your position, and you shall be responsible for any resulting may, without prior notice to you, take immediate action to cover If any option position in your account becomes uncovered, we

options is not permitted in IRAs. If you or your beneficiaryof credit through margin, short selling positions, and uncovered be subject to excise taxes. You understand that the extension pledge the assets to the extent it represents earnings, or mayincluded in your gross income for the taxable year in which you amount pledged will be treated as a distribution, and may bepledge any portion of the IRA as collateral for a loan, theRevenue Code of 1986, as amended (the IRC), if youYou understand that under Section 408(e)(4) of the Internal

engages in a prohibited transaction with the IRA, as

not conducting options transactions that can result in liabilities or obligations in excess of your IRA account balance.Scottrade shall not be responsible for the dishonor of any transaction due to an insufficient balance in the IRA. If an assignment creates a short position or debit balance, Scottrade is authorized to immediately cover any deficit in the IRA with other assets in the IRA account.

SF1010/FC/10-14 Page 4 of 6

SCOTTRADE OPTIONS AGREEMENT (cont'd)

Agreement. You further agree to waive and to other action Scottrade makes or takes pursuant to this Scottrade incurs in connection with any transaction or You agree to reimburse any and all expenses Generally 9. Limits to Scottrades Responsibilities

periods of peak internet activity or market volatility. of the internet nor your ability to access services during Scottrade does not warrant or guarantee the dependability account, whether by Scottrade or you. handling, selling, purchasing or endorsing of options for your whether by Scottrade or you, or (3) otherwise any execution,(2) the exercise or non-exercise of an option contract, made or taken by Scottrade pursuant to this Agreement, loss arising out of or relating to: (1) any such transactions employees and agents from any and all claims of damage or release Scottrade and its directors, officers,

change in economic, political or financial conditions. heavy trading in any security, war, strikes, or a general or market rulings, suspension of trading or unusually without limitation, government restrictions, exchange any events beyond its reasonable control, including be liable for losses caused directly or indirectly by You agree and acknowledge that Scottrade shall not

Force Majeure

agree to abide by the terms of Scottrades Brokerage You acknowledge that you have received, read and

10. Arbitration

by jury, except as provided by the rules of the arbitration forum in which a claim is filed; (b)

sue each other in court, including the right to a trial parties to this Agreement are giving up the right to arbitration clause. The parties agree as follows: (a) all Account Agreement which contains a pre-dispute

No Advice

You understand that Scottrade will make no recommendations to you related to any investment or trading strategies in your account and you agree not to hold Scottrade responsible for the suitability of trades or any subsequent losses in your account. The execution of any trades by Scottrade will not be deemed to be an approval of such trades.

As a reminder, Scottrade does not offer tax or legal advice.

You have not and will not rely on Scottrade for legal or taxadvice in connection with engaging in options transactionsin any such IRA or other account. You will not hold Scottrade responsible for any adverse tax consequences or penalties that you or such IRA or other account may incur in connection with options transactions.

Please consult with a qualified tax professional should you

its tax-deferred or tax-exempt status.

arbitration awards are generally final and binding; a

arbitration award is very limited; (c) the ability of the party's ability to have a court reverse or modify an

Scottrade is not under any obligation to convey any information

No Additional Disclosures

parties to obtain documents, witness statements and

described in Section 4975 of the IRC, the IRA may lose

requiring Scottrade to convey any further information to you. creating an implied agreement or course of dealing thereto, and no information so conveyed shall be construed as covered by any option, or to any securities or indexes related to you relating to the underlying securities or indexes

If an investment advisor manages your account, you

does not represent that it will monitor such activities for you. contracts. You understand that Scottrade is not required, and activities in your account, including the expiration of option You are solely responsible for reviewing and monitoring all

You Are Responsible for Your Account Activity

information when determining your eligibility and approvalinvestment experience in conjunction with your qualifyingunderstand that Scottrade may rely on the advisor's

relationship with your investment advisor.to closing transactions if you terminate your professionalto trade options. Your options trading may be limited

shall be incorporated into this Agreement. which the claim is filed, and any amendments thereto, court; and (g) the rules of the arbitration forum in that is ineligible for arbitration may be brought in bringing a claim in arbitration; in some cases a claim some arbitration forums may impose time limits for affiliated with the securities industry; (f) the rules of include a minority of arbitrators who were or are their award; (e) the panel of arbitrators will typically arbitrators do not have to explain the reason(s) for arbitration than in court proceedings; (d) the other discovery is generally more limited in

You agree to arbitrate any controversy between you andScottrade (including any of Scottrade's officers, directors,employees, or agents) arising out of or relating in any wayto our relationship, your account(s), any account that youmay cause to be opened with us in the future, or anyservice provided by us, including but not limited to: (a)

or other account which you hold at Scottrade. holding options or conducting options strategies in any IRA have any additional questions related to the advisability of

to maintain options trading privileges in your account.

In such a case, you must re-apply for options approval

SF1010/FC/10-14 Page 5 of 6

SCOTTRADE OPTIONS AGREEMENT (cont'd)

that any arbitration hearing shall be held in St. Louis,Missouri, you consent to the personal jurisdiction of allcourts located in the state of Missouri for purposes of

No person shall bring a putative or certified class action resisting confirmation or enforcement of the award. shall be fully assessed against and paid by the party party or parties in confirming or enforcing the award costs, attorney's fees, and expenses incurred by the other arbitration award rendered under this Agreement, then all unsuccessfully resists confirmation or enforcement of an be conducted in the English language. If any party award and you agree that any arbitration proceeding shall enforcing this arbitration agreement and any arbitration

to arbitration, nor seek to enforce any pre-dispute

this Agreement except to the extent stated herein. shall not constitute a waiver of any rights under forbearance to enforce an agreement to arbitrate is excluded from the class by the court. Such is denied; (b) the class is decertified; or (c) the client a member of putative class until: (a) the class certification initiated in court a putative class action or who is arbitration agreement against any person who has

incorporated into this Agreement by reference. margin agreement you may have with Scottrade are Agreement between Scottrade and you and any The Scottrade Brokerage Account Application and Other Scottrade Agreements

11. Miscellaneous

Trading Commission, the Financial Industry the Federal Reserve System, the Commodity Futures Exchange Commission, the Board of Governors to subject to the rules and regulations of the Securities executed and/or cleared. All transactions are also Clearing Corporation, where such transactions are practices of the exchange or market, and the Options subject to the rules, regulations, customs and All transactions under this Agreement shall be

Governing Law

Agreement is governed by Missouri law. organizations. Notwithstanding the foregoing, this agencies, state agencies and self-regulatory Regulatory Authority and all other applicable federal

made under any statute by any exchange, market or the Options Clearing Corporation that shall be applicable to and affect in any manner or be inconsistent with any of the provisions of this Agreement, the provisions of this Agreement so affected shall be deemed modified or superseded by such statute or regulation.

Whenever any statute shall be enacted or regulation

permitted assigns. will inure to the benefit of your successors and express written consent of Scottrade. This Agreement You may not assign this Agreement without the

Assignment

of this Agreement. unenforceable, it shall not affect any other provisions If any provision of this Agreement is held to be

Severability

Communications may be sent to you at your address of record, and all communications sent, whether by first class postage paid mail, overnight courier or otherwise, shall be deemed given to you personally, whether actually received or not. Communications sent to you by first class postage paid mail shall be deemed received three business days thereafter. Communications sent to you by overnight courier or similar method, shall be deemed received one business day thereafter.

Notices

time a controversy subject to arbitration arises, you agree

with us; or (b) the performance, construction or breach ofthis Agreement or any other agreement between you andus. If you are not a resident of the United States at the

transactions of any kind made on your behalf, through or

SF1010/FC/10-14 Page 6 of 6

SPECIAL STATEMENT FOR UNCOVERED OPTIONS WRITERS

(CLIENT COPY - PLEASE RETAIN FOR YOUR RECORDS)

There are special risks associated with uncovered options writing that expose the investor to potentially significant loss. Therefore, this type of strategy is not suitable for everyone and persons considering should be aware of these conditions: I. The potential loss of uncovered call writing is unlimited. The writer of an uncovered call is in an extremely risky position and may incur large losses if the value of the underlying instrument rises above the exercise price of the option.

II. The risk of writing uncovered put options is substantial. The writer of an uncovered put position bears a risk of substantial loss if the value of the underlying instrument declines below the exercise price of the option. Such loss could be substantial if there is a significant decline in the value of the underlying instrument.

III. Therefore, uncovered options writing is suitable only for the knowledgeable investor who understands the risks, has the financial capacity and willingness to incur potentially substantial losses, and has sufficient liquid assets to meet applicable margin requirements. In this regard, if the value of the underlying instrument moves against an uncovered writer's options position, the investor's broker may request significant additional margin payments. If an investor does not make such margin payments, the broker may liquidate stock or options positions in the investor's account, with little or no prior notice in accordance with the investor's margin agreement. IV. The potential risk for combination writing, where the investor writes both a put and a call on the same underlying instrument, the potential risk is unlimited. V. If a secondary market in options were to become unavailable, investors could not engage in closing transactions, and the options writer could remain obligated until expiration or assignment. VI. The writer of an American style option is subject to being assigned an exercise at any time after the option is written until expiration. By contrast, European-style options may be exercised only at expiration. NOTE: It is expected that you will read the booklet entitled CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS available from your broker. In particular, your attention is directed to the chapter entitled `Risks of Buying and Writing Options'. This statement is not intended to enumerate all the risks entailed in writing uncovered options.

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